10 Best Stocks to Invest in for Long Term

8. Costco Wholesale Corporation (NASDAQ:COST)

Number of Hedge Fund Holders: 96

Costco Wholesale Corporation (NASDAQ:COST) operates membership-based warehouses and e-commerce sites in multiple countries, offering low-priced, high-quality products across various categories. With 890 warehouses worldwide, the company focuses on high sales volumes and quick inventory turnover by purchasing in bulk and using efficient distribution. Costco Wholesale Corporation (NASDAQ:COST) warehouses are typically 147,000 square feet, designed for inventory handling with minimal overhead. It offers membership warehouses and e-commerce sites. It offers its members low prices on some categories, which helps the company produce high sales volumes and rapid inventory turnover.

Costco Wholesale Corporation (NASDAQ:COST) is intending to launch 29 new warehouses in fiscal year 2025, with 17 located in the US and 12 in other countries. Costco reported strong March sales, with total comparable sales up 6.4% and net sales rising 8.6% to $25.51 billion. Membership renewals remain high, helping maintain steady revenue. Executive memberships and digital expansion are fueling profitability. Costco’s solid financials and disciplined operations make it a strong long-term investment. Although the stock commands a premium, its consistent performance and loyal customer base justify investor confidence. Analysts have raised earnings estimates, expecting double-digit growth in the current and the next fiscal year.